Daily Archives: July 21, 2014

Large western companies are likely to launch activity of the gas market of the Polish Power Exchange (TGE), the bourse’s CEO Ireneusz Łazor told BiznesAlert.pl. “As the experience of our neighbors – Slovaks and Czechs – shows, we may expect the entry of large western energy firms on our market. Ac...

The European Commission has granted financing worth PLN 147 million to Polish chemical group Synthos for its new investment, the Ministry of Economy said in a press release on Monday. The project, carried out by Synthos Dwory 7, involves the construction of an innovative synthetic rubber production ...

Office vacancy rates in Warsaw have increased in the second quarter of the year to reach 13.4 percent at the end of June, up from 11.7 percent at the end of Q1 2014, according to a report by Warsaw Research Forum, an association of commercial real estate advisory firms. Vacancy rates remain higher i...

The total debt of Poland’s State Treasury amounted to PLN 740.37 billion at the end of May 2014, according to data from the Ministry of Finance quoted by ISBnews. It grew by 0.4 percent month-on-month and by 11.2 percent compared with the end of 2013. The growth mostly resulted from the financing of...

The economic situation of Polish businesses is improving, according to a report issued by the National Bank of Poland on Monday. Forecasts from Q3 2014 are slightly more optimistic than those for Q2. More than 75 percent of the surveyed companies said that their situation is very good, which is 2 pe...

PZU has received the go-ahead for an acquisition of shares in the Lithuanian firm Lietuvos Draudimas AB. ISBnews reported that the Bank of Lithuania gave permission for the transaction, meanwhile PZU still awaits an antitrust decision on the matter. The Polish insurer has signed a deal with Royal &a...

There was Russian aggression in Ukraine, Polish President Bronisław Komorowski said on Monday, during a meeting with Poland’s ambassadors. In this situation, Europe should change its view on security in the region, he added. “There is a growing wave of violence, both to the east of Poland and in Nor...

Clothing company Redan said on Monday that its CEO Radosław Wiśniewski has resigned from his post. He will be replaced by Bogusz Kruszyński. Wiśniewski said that he has decided to resign as “the restructuring process in Redan is nearing its end and the group’s financial situation is stable,” so he d...

Poland is to protest a European Union ban on flavored cigarettes, as the EU’s second largest cigarette producer and its prime tobacco consumer. New anti-smoking legislation is due to be implemented in 2016.

First quarter sales at Open Finance are up by 14 percent year-on-year reaching PLN 6.94 billion. A similar trend seems to be building up in Q2, as reported by ISBnews. The value of credit loans serviced through Open Finance in Q1 grew by 19 percent y/y to PLN 3.12 billion, including 17 percent mortg...

Developer Murapol has launched sales of apartments in the first phase of its planned Murapol Parki Krakowa residential project in Kraków. On offer are 152 units in a six-floor building that is scheduled to be completed in the final quarter of 2019. T...

Developer 7R is preparing to start construction work on its 7R City Flex Gdańsk Airport warehouse project in Gdańsk, which will be built within the company’s newly launched City Flex program envisioning the development of a chain of urban logistics s...
7R to launch Gdańsk warehouse project

A total of more than 129,000 sqm of new office space was completed in the main regional markets across Poland in the first quarter of 2018, which marks a 92-percent increase y/y, according to the latest report by Cushman & Wakefield. The most dev...

Developer MLP Group has fully commercialized the logistics park in Bieruń near Tychy in Silesia, which it sold to Deka Immobilien in 2015. The company remained responsible for leasing the space in the park after the sale transaction. Car parts distri...

Retailer IKEA will open its store in the Blue City shopping center in Warsaw in the second half of this year. This will be the company’s third store in the Polish capital and the first one in a central location with the other two located on the outsk...
IKEA to open new Warsaw store in H2

The conference “Open source in business”, which will take place on June 18th in Warsaw, is the first such event in Poland about open source solutions and their practical application in the enterprise. The event is aimed at bringing togeth...

On 6-8 June, annual ABSL conference, entitled “Poland. The place to grow” will be held in Poznań. This is the most important event of this kind in the Central and Eastern Europe which annually gathers over one thousand representatives of the business...
Poland’s biggest conference devoted to m...

The tech world has been buzzing with headlines in the past few months. Alphabet (Google) was fined in 2017 by the European Commission and is facing more anti-trust litigation. Its Q1 results also leave a lot to be desired. The same goes for Microsoft...